Nifty Prediction : Possibility of some pressure | Recovery from lower levels possible

Daily Forecast – Share Market – November 10th, 2017

Possibility of some pressure | Recovery from lower levels possible

Rahu, Saturn are leading the opening of the day with support of Mercury, Moon, Jupiter, Ketu and Mars. Indications are that possibility of some pressure can be seen at the time of opening. Mercury will be gaining strength after 12:30 Hrs (IST), so possibility of change in market movement can be seen after this period (possibility).

This period is indicating that market seems to consolidate its values. Mood is comfortable. It’s a time when one must be careful about ‘Put’. Bank may show some movements during the day, which may be going to influence the market movements. Many segments are positive. This may give ups and downs during the day. Range of (+/-) 0.5% is possible for the movement.

IT, communication, media, logistics, travels and tourism may show some positive indications, but a confusion is also possible. Transport (surface and aviation) may show some movement. Shipping and related segment seems to be positive in manufacturing or service segment.

Many segments are active, but due to various local and geo-political reasons, market is bit suspicious and showing lazy movements.

Petroleum and crude may show some movements. Engineering, electrical, electronics, spirit and alcohol, with sugar, textiles, paper industries may also be active.

Changes in the movement is possible after 12:30 Hrs (IST). Foreign cues are important.

Indian Currency

Indian Rupee may trade in between 64.70 to 65.40 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.

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